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22.08.24 15:35

Economy

Emirati companies count US$1.4 billion in investments in China

The number of Chinese companies registered with the Dubai Chamber of Commerce and Industry is aimed at around 5,400

Mohammad Ali bin Rashed Lootah, President and CEO of Dubai Chambers, emphasised the growing interest of Emirati companies in expanding their presence in China, driven by strengthening trade relations and increasing mutual investment between the countries. He stated this at the “Dubai Business Forum-China” held in Beijing. This is reported by Emirates News Agency (WAM), a partner of TV BRICS.

He claimed that the UAE and China are working closely together in various sectors, including the new economy, technology, entrepreneurship, tourism, renewable energy, agriculture, aviation, logistics, infrastructure, and industry.

The CEO of Dubai Chambers also noted that the number of Chinese companies registered with the Dubai Chamber of Commerce was about 5,400 at the end of the first half of 2024. This shows the growing interest of Chinese companies in Dubai as a strategic centre for international expansion.

In addition to traditional industries such as trade, logistics, and consulting, Chinese companies are increasingly interested in investing in innovative industries such as artificial intelligence, green technology, and data centres.

Photo: iStock

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Prabowo Subianto

President of Indonesia

"This roadmap sets the framework for our joint efforts. Indonesia and Belarus have great potential for expanding cooperation in various fields. Our cooperation will focus on industrial development and agricultural modernisation. In industry, we see a major opportunity to increase trade volumes, investment, and cooperation between our two countries. We are also pushing for closer collaboration in culture and human resource development"

Liao Fan

Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences (CASS)

"We also encourage countries of the Global South to work together and contribute to the global economy. We also call on developed countries to set aside issues such as national security and strategic competition when we are discussing real global challenges – pressing issues such as public health or poverty reduction – so that development resources can be channelled truly effectively to those countries that need them. [...] Major powers and large countries must bear greater responsibility for the well-being of people around the world. This is the responsibility of the major powers"

Anutin Charnvirakul

Prime Minister of Thailand

"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"

Ferdinand Marcos

President of the Republic of the Philippines

"First, peace, security and stability. [...] We need our joint efforts to contribute to peace and security and to respond promptly to all threats. Second, a more dynamic economic partnership. Our areas of cooperation in trade are developing. We need to act more ambitiously and decisively in order to facilitate trade, economic flows and the expansion of the business community. [...] And third, perhaps one of the most important areas, is our peoples, grants, student exchanges, academic partnerships and tourism. [...] The relationships that are being built between our countries are reflected in the summit declaration, and they provide what policy alone cannot achieve"

Anwar Ibrahim

Prime Minister of Malaysia

"The relations in the last few years have been remarkable. We have seen impressive development, and my visit was – you were fantastic. We see the enormous role that Russia can play not only in Malaysia but also in the developing world, ASEAN and the rest. We are exploring this halal economy and finance. We are now almost finishing the visa abolition arrangement. [...] And then you have also agreed to these flights for tourism, for trade, and connectivity between Malaysia, Moscow, Kazan, and other cities in Russia"

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